The German Constitutional Court ruled on Wednesday that it will not prevent the German government from approving the euro-zone bail-out program. The U.S. Federal Reserve initiated a two-day monetary policy meeting. The market traded cautiously with volatilities, and the three major indexes closed with little gains. These stocks below came in our sight:
Mediware Information Systems Inc. (MEDW) is marked as one of the top stocks today, for its big gain of 38.79%, or $6.11, backed by the news that the provider of clinical and performance management information solutions and other services to healthcare facilities Inc announced to be acquired by private equity investment firm Thoma Bravo, LLC for approximately $195 million, or $22.00 per share in cash. Mediware Information Systems last Friday announced that it has completed the acquisition of the assets of Strategic Healthcare Group LLC (SHG). The company has a market cap of $193.35 million.
Another big gainer was Mindspeed Technologies, Inc. (MSPD), a provider semiconductor solutions for communications applications in the wireline and wireless network infrastructure. MSPD shares traded up 28.13%, or $0.72 after the chip maker raised the outlook for the fourth quarter revenue. The intraday volume reached 2.22 million shares, four times the daily average of 254,023 shares. Based on the latest MSPD stock price of $3.28, the company has a market cap of $136.09 million.
Office Depot Inc (ODP) came in as one of the top stocks with a surge of 21.16%, or $0.40 in its share price. The only news about the global supplier of office products and services was that Tony Stewart, driver of the No. 14 Office Depot/Mobil 1 Chevrolet in the NASCAR® Sprint Cup Series, made donation around the Chicago area. ODP stock traded 22.44 million shares, four times its daily average of 5.65 million shares. The company currently conducts a market cap of $653.02 million. In addition, GTx, Inc. (GTXI) was another top performing stock without significant catalyst. GTXI stock price was sharply up 19.26%, or $0.73, to $4.52, on a volume of 658,854 shares, well above the daily average of 79,949 shares. Based on the latest GTXI stock price, the biopharmaceutical company, which focuses on small molecules that target hormone pathways for the treatment of cancer, cancer supportive care, and other serious medical conditions, has a market cap of $283.93 million.
Coffee Holding Co.Inc. (JVA), an integrated wholesale coffee roaster and dealer, reported its third quarter earnings of $0.19 per share, well above last year same period’s $0.03 per share, send its shares to jump more than 18%, to $8.70. The company also announced a quarterly dividend of $0.03 per share in cash today.